How CoreWeave, IREN, and the AI Data Center Stocks Stack Up Nebius Group's shares have plummeted 13% in midday trading to $174, extending a rough stretch that has seen its stock decline by 36% over the past month.
This is part of a broader sector wide correction, with CoreWeave down 28% and other AI data center stocks experiencing similar declines.
The narrative surrounding Meta Platforms' potential move to expand its own cloud infrastructure has dominated market sentiment.